A lender in Mississippi initiates non-judicial foreclosure proceedings against a borrower who has defaulted on a deed of trust. In addition to providing the required written notice to the borrower, what additional publication requirement must be satisfied before the foreclosure sale?
Correct Answer
B) Notice must be published in a local newspaper for three consecutive weeks
Under Miss. Code Ann. §89-7-1 et seq., Mississippi's non-judicial foreclosure process requires that notice of the foreclosure sale be published in a local newspaper for three consecutive weeks in addition to the 30-day written notice to the borrower. Both requirements must be satisfied before the public auction can be conducted.
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